Buenos Aires, Argentina-based crypto exchange Buenbit has added support for four new stablecoins, including Tether (USDT), Circle (USDC), Binance USD (BUSD) and TerraUSD (UST). Buenbit currently supports 12 digital currencies, others are BTC,ETH 0.42%-news/"> ETH, DAI, DOT, SOL, MATIC, BNB and ADA.
Founded in 2018, Buenbit was one of the first local exchanges to offer Argentines the use of stablecoins to avoid high inflation in the local currency, the peso. In June last year, Buenbit completed a $11 million Series A financing, led by Libertus Capital. In October of last year, Buenbit opened its platform to individual traders in Peru, and it expanded to Mexico in November of the same year.